Czech IT products and software development company Solitea has announced it has bought a business information systems provider J.K.R. to boost its position as a supplier of ERP systems on the Czech market.
This is not the first purchase in this market as Solitea already owns other ERP specialists such as Cigler Software, Altus Software and Vema.
The Czech holding, which hires over 500 people and has a revenue of CZK700m (€25.9m), operates mainly in the Czech, Slovak and Austrian markets however it is reaching out to customers also in Hungary, Germany, Switzerland, Serbia, Finland and Turkey, it says.
“Solitea’s aim is to simplify business activities for companies of all sizes via its products and solutions. The acquisition of J.K.R. is only another step in fulfilment of this aim. For Solitea, the purchase of J.K.R. represents a strategic investment with the aim of increasing market share as well as an opportunity to also supply Solitea’s own ERP system to large companies. In the Czech Republic, Solitea has the most customers using ERP solutions, and thanks to the consolidated use of resources and know-how of all members of the holding, we can focus on development of new products using technology with higher added value for customers,” says Martin Cigler, Chairman of the Board of Directors, Solitea.
“Solitea is primarily a strategic investor and represents an opportunity for fast growth through effective cooperation with the Holding. The acquisition will primarily benefit current and future users of our BYZNYS ERP systems, both with regard to know-how and technology and through the availability of a more extensive offering of solutions and services,” adds Vladimir Kralicek, Director General of J.K.R.